Payment Bond

Payment Bonds protect laborers, vendors, suppliers and subcontractors against nonpayment. Since liens cannot be placed against public property, the payment bond may be the only protection these claimants have if they are not paid for the goods and services they provide to the project.

Surety Bond Cost

The cost (premium) for this bond will be a small percentage of the required bond amount and is calculated on a case-to-case basis. The premium will have to be paid at the start of the first term and must be renewed annually for as long as the court holds the bond. The first year’s premium is fully earned even if the court releases the bond before the end of the term, however after the first year the premium will be pro-rated if the court decides to release the bond during the term period.

You Always Get a Low Cost Surety Bond with BuySurety

If you are like many first time surety bond buyers, you are probably wondering how much a surety bond will cost. The truth is each state has its own regulations about how much coverage you need to have and BuySurety will always work within those state legal guidelines. Find out quickly and easily just how little you need to pay for your xx surety bonds by contacting our knowledgeable and friendly customer service staff today.

Poor Credit is Never a Problem at BuySurety

Whatever the reason, if you need a surety bond and your credit is poor, it isn't a problem at BuySurety. While xx surety bonds, like many kinds of surety bonds, are credit based that doesn't mean you can't qualify. For those with truly low ratings we have a special program to help you get the surety bonds you need to succeed. Just talk to our credit specialist to find out how BuySurety can help you to qualify for a surety bond today.

Why Get Bonded? Understand Your Surety Bond Definition

Like many small business owners, you may be wondering just what exactly this surety bond is and why you need to have it. Basically a surety bond is an agreement between three parties: the person who is requiring the bond (obligee), the person who is obliged to carry the bond (principal), and the person who is providing the bond (surety). It creates a financial guarantee by one party to another and brings in a third party to back that guarantee up. If you would like to see a more detailed description, why not check out our Introduction to Surety Bonds and get the details.

Get Your No-Obligation Free Quote Today

We know that time is money. That is why we offer one of the fastest turnaround times for you to get bonded in the business. Why delay? You can call us today and get started on your free bond quote right away. You have a choice of calling us directly or going to our handy online form. Whichever way you choose, you will have a no-obligation free surety bond quote the same day. Get bonded quickly with BuySurety.